Chime
Chime Group, commonly referred to as Chime, is a prominent player in the financial technology sector, headquartered in Great Britain. Founded in 2014, the company has rapidly established itself as a leader in providing innovative banking solutions, primarily focusing on digital banking and payment services. Chime's core offerings include a no-fee banking platform, savings accounts, and budgeting tools, all designed to enhance financial wellness for its users. What sets Chime apart is its commitment to transparency and user-friendly technology, making banking accessible to a broader audience. With a strong presence in the UK and expanding operations across Europe, Chime has garnered significant recognition for its customer-centric approach and has achieved notable milestones in user growth and service expansion, solidifying its position in the competitive fintech landscape.
DitchCarbon Score
How does Chime's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Media Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chime's score of 45 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chime's reported carbon emissions
In 2023, Chime's carbon emissions in Great Britain totalled approximately 265,000 kg CO2e, comprising 76,000 kg CO2e from Scope 1 emissions and 189,000 kg CO2e from Scope 2 emissions. The Scope 2 emissions included about 22,000 kg CO2e from purchased electricity. This represents a notable increase from 2022, when emissions were around 227,000 kg CO2e, with Scope 1 emissions at 54,000 kg CO2e and Scope 2 emissions at 173,000 kg CO2e. Chime has committed to achieving Net Zero emissions by 2025, with specific targets set for both Scope 1 and Scope 2 emissions. This commitment was formalised by the Chime Board in 2021, which also included the establishment of Science-based targets. However, no specific percentage reduction targets have been disclosed for these scopes. Globally, Chime reported total emissions of approximately 527,000 kg CO2e in 2022, with significant contributions from Scope 3 emissions, particularly from business travel, which accounted for about 2,140,000 kg CO2e. The company has not yet disclosed Scope 3 emissions data for its operations in Great Britain. Chime's emissions data is not cascaded from any parent organisation, indicating that the figures are independently reported. The company continues to focus on reducing its carbon footprint as part of its broader sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 49,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 387,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chime is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
